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Listing provided courtesy of Berkshire Hathaway HomeServices ChicagoMREDas Distributed by MLSGrid- MLS# 12665039MLS Provider

240 E Illinois Street #2505Chicago, IL 60611

Condo/Townhouse · 2 Beds · 2 Full Baths · 1,310 Sq. ft.
$695,000 Active

240 E Illinois Street #2505 Overview

Time on Site:
26 days
Visits:
31

All south-facing two-bedroom plus den, two-bath residence at The Fairbanks. This well-maintained condo offers an ideal Streeterville location within a full-amenity building. The spacious living and dining area is flooded with natural light through floor-to-ceiling windows, creating a bright and inviting atmosphere perfect for relaxing or entertaining, with ample room for a full living room setup and dedicated dining area. The large kitchen features full-height upper cabinets, stone countertops with a breakfast bar and seating for bar stools, a suite of stainless-steel appliances, and plenty of space for preparing your favorite meals. The split-bedroom floor plan provides both privacy and functionality. The primary suite is situated on one side of the home and showcases a wall of windows, professionally built-out double closets, and a connected stone bath with double sinks, linen storage, and a 60 walk-in shower with body sprays, and glass doors. On the opposite side, the second bedroom features a wall of windows and a fully built-out closet system. The den is perfect for a work-from-home setup or flexible living space, complete with a closet and a built-in desk with file drawers and shelving. Hardwood floors throughout enhance the home's overall aesthetic. Enjoy a private south-facing balcony-perfect for grilling or relaxing on warm summer evenings. A full-size stackable washer and dryer add everyday convenience. This professionally managed, full-amenity building offers 24-hour door staff, an exercise room, outdoor pool, sundeck, landscaped park area with grilling stations, entertainment suite, conference room, theater room, dog run, and an on-site package room with dry cleaning services. Conveniently located just steps from Whole Foods, Target, Walgreens, a wide variety of dining options, and just blocks from the Northwestern Medical Campus. Deeded parking available for an additional $40,000.

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240 E Illinois Street #2505 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,310
  • Price/Sq.ft. $531

Details

General

Association/HOA

  • Association Amenities: Door Person, Elevator in Residence, Exercise Room, Party Room, Pool, Sauna
  • Association Fee: $1,152.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, TV/Cable, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 2007

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near North Side
  • Township: North Chicago

Tax Information

  • Tax Annual Amount: $11,267.85
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 17102120401175
  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Property Type: Residential
  • Special Listing Conditions: List Broker Must Accompany

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

General Information

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Microwave
  • Basement: None
  • Cooling: Central Air
  • Flooring: Hardwood
  • Foundation Details: Reinforced Caisson
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Main Level,Washer Hookup,Gas Dryer Hookup,In Unit,Laundry Closet
  • Living Area: 1310
  • Living Area Source: Builder
  • Rooms Total: 6
  • Stories Total: 31

Unit Information

  • Unit Number: 2505

Exterior

Parking Information

  • Parking Features: Heated Garage, Yes, Deeded, Attached, Garage
  • Parking Total: 1

Lot Information

  • Additional Parcels: No
  • Lot Features: Common Grounds
  • Lot Size Dimensions: COMMON
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Glass, Stone
  • Roof: Asphalt

General Information

  • Exterior Features: Balcony, Roof Deck, Dog Run
  • Sewer: Public Sewer

Room Information

Room: Balcony/Porch/Lanai

  • Level: Main
  • Dimensions: 10X6

Room: Bedroom 2

  • Level: Main
  • Dimensions: 10X12

Room: Den

  • Level: Main
  • Dimensions: 10X9

Room: Dining Room

  • Level: Main
  • Dimensions: COMBO

Room: Kitchen

  • Level: Main
  • Dimensions: 10X10

Room: Laundry

  • Level: Main
  • Dimensions: 3X3

Room: Living Room

  • Level: Main
  • Dimensions: 14X24

Room: Master Bedroom

  • Level: Main
  • Dimensions: 12X12

Room: Walk In Closet

  • Level: Main
  • Dimensions: 4X5

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Family Room

  • Level: N/A

240 E Illinois Street #2505 Neighborhood

Community

60611 (CHICAGO) Demographics

38
Median Age
24,146
Population Density (per sq. mile)
89%
College Educated
$108,413
Estimated Median Income
9,873
Estimated Total Home Owners
11,841
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

240 E Illinois Street #2505 Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

240 E Illinois Street #2505 Market Data

Based on the last 30 days in this zip code

$1,087,682
Average List Price
$635
Average Price per Square Foot
107
Properties Sold
90
Average Days on Market
560
Properties for Sale
Calculations provided by Reliance Network

240 E Illinois Street #2505 History

Date Event Value Agent
6/10/2026Source: MRED Status Change
Active
Michael Maier
Listing Agent
6/4/2026Source: MRED Added to Database
June 04, 2026
Michael Maier
Listing Agent
11/1/2024Source: MRED Status Change
Rented
Michael Maier
Listing Agent
10/29/2024Source: MRED Status Change
Contingent
Michael Maier
Listing Agent
10/7/2024Source: MRED Status Change
Active
Michael Maier
Listing Agent
10/2/2024Source: MRED Added to Database
October 02, 2024
Michael Maier
Listing Agent